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A newsvendor orders the quantity that maximizes expected profit for two products, A and These two products have the same critical ratio at 7 0
A newsvendor orders the quantity that maximizes expected profit for two products, A and These two products have the same critical ratio at The mean demand forecast for both products is units and both are normally distributed. Product A has a more certain demand in the sense that it has a smaller standard deviation. Of which of the two products does the newsvendor order more? The order quantities for Product A and B are the same Product B Cannot determine. More information is needed. Product A
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